Shares of French supermarket giant Carrefour suffered a dramatic setback on Wednesday, plunging 14% to sit firmly at the bottom of the Stoxx 600 index following a sharp cut to the company’s full-year profit forecast. The retail conglomerate pointed directly to what it described as an unprecedented situation in France, where worsening social and security […]
Bank of America on Wednesday posted a sharp profit decline for the third quarter after being hit with a massive $1.2 billion penalty by U.S. regulators. The steep regulatory fine, combined with trading operations that generated about $750 million less than expected, weighed heavily on the financial institution’s quarterly performance and disappointed Wall Street expectations. […]
The carrier now expects to earn between $2.60 and $2.85 per share on an adjusted basis for the year. This latest projection represents a significant reduction from the company’s previous guidance issued in July, when Southwest anticipated adjusted earnings ranging from $3.25 to as high as $4.25 per share. The adjustment reflects the mounting financial […]
United Airlines has significantly slashed its profit forecast for the year as relentless spikes in fuel costs continue to bite into the carrier’s bottom line, even as resilient passengers keep booking flights despite a notable jump in overall airfares. The major U.S. carrier announced on Tuesday that it now expects to earn between 50 cents […]